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Herbert Smith Freehills publishes new guide to the Independent Insurance Authority in Hong Kong
Hong Kong is about to establish a unified insurance regulatory regime under the auspices of a new body, to be named the ‘Insurance Authority’. The …
9 months to go: How ready is the market for the Insurance Act 2015?
With just 9 months to go until the Insurance Act 2015 comes into force, how ready is the market? A recent survey carried out by Airmic among its members …
A Guide to Solvency II
Insurers and reinsurers operating in European markets are facing change on an unprecedented scale. The main reason for this is Solvency II. Solvency II …
PRA Decisions under Solvency II: How to appeal them
The PRA is in the course of deciding what approvals, waivers and modifications it should grant to firms as part of the process of bringing the …
The PRA's proposed new rules for insurers on pre-notification of capital instruments
The Prudential Regulation Authority is proposing to extend its rules about pre-issuance notification of capital (own funds) instruments. The proposed …
A "blot on English insurance law"
Insurers successfully avoided a policy on the grounds of inadvertent non-disclosure. The High Court commented on the different outcome that would have …
Mitigating cyber security exposures: Risk transfer through cyber insurance
Now may be the time to review your cyber risk mitigation strategy and give serious consideration to whether the financial cost of cyber attacks could be …
Revised IDD text published
The revised text of the Insurance Distribution Directive (IDD) was published in July, following agreement by the EU institutions under the "trilogue" …
A new regime for senior insurance managers: changes to the approved persons regime for Solvency II firms
In November 2014, the PRA and the FCA proposed wide-ranging reforms of the Approved Persons Regime (APR) for insurers and reinsurers. The PRA will …
Privy Council decision on limitation in professional negligence cases
A recent Privy Council decision has considered the point at which damage is suffered where a claimant has entered into a flawed transaction as a result …
Court requires disclosure of insurance details by defendant in personal injury context – wider implications as yet unclear
In Senior v Rock UK Adventure Centres and other the court ordered disclosure of the defendant’s insurance arrangements in the context of a personal …
FCA expresses concern over use of Delegated Authorities in General Insurance
A recent FCA report on the use of delegated authorities in general insurance serves as a warning to insurers, in particular, to look carefully at whether …
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